Ford Motor’s (F) “Sell” Rating Reaffirmed at Berenberg Bank

Ford Motor (NYSE:F)‘s stock had its “sell” rating reiterated by equities researchers at Berenberg Bank in a research report issued on Friday. They presently have a $6.00 price objective on the auto manufacturer’s stock. Berenberg Bank’s target price suggests a potential downside of 36.03% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Piper Jaffray Companies restated a “hold” rating on shares of Ford Motor in a report on Tuesday, July 24th. Royal Bank of Canada restated a “hold” rating and set a $11.50 price target on shares of Ford Motor in a report on Thursday, July 26th. UBS Group cut their price target on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. Finally, Buckingham Research cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.27.

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NYSE:F traded down $0.08 during trading hours on Friday, reaching $9.38. 52,202,471 shares of the company’s stock were exchanged, compared to its average volume of 58,129,960. The stock has a market capitalization of $38.14 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 1.35 and a beta of 0.68. Ford Motor has a 12 month low of $8.17 and a 12 month high of $13.48. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $34.66 billion during the quarter, compared to analysts’ expectations of $32.05 billion. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. During the same period last year, the firm posted $0.43 earnings per share. On average, sell-side analysts expect that Ford Motor will post 1.34 EPS for the current fiscal year.

In other news, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $9.54, for a total transaction of $124,020.00. Following the transaction, the vice president now owns 94,527 shares in the company, valued at approximately $901,787.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ray T. Charley acquired 4,000 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were bought at an average price of $12.90 per share, for a total transaction of $51,600.00. The disclosure for this purchase can be found here. Company insiders own 0.95% of the company’s stock.

Several large investors have recently bought and sold shares of F. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Ford Motor during the 2nd quarter valued at about $101,000. Credit Agricole S A boosted its position in Ford Motor by 135.0% in the second quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock valued at $104,000 after buying an additional 5,400 shares in the last quarter. Kaizen Advisory LLC boosted its position in Ford Motor by 155.5% in the second quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock valued at $108,000 after buying an additional 5,931 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Ford Motor in the second quarter valued at about $113,000. Finally, TRUE Private Wealth Advisors acquired a new position in Ford Motor in the second quarter valued at about $112,000. Institutional investors own 54.14% of the company’s stock.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.